Best Blue Chip Stocks this May 2026 in Canada

Alimentation Couche-Tard (ATD) stands out as a resilient leader in the convenience store sector, exhibiting consistent growth and a solid dividend yield of 1.05%. With a one-year return of 5.27% and an impressive 84.29% over the last five years, this stock is well-positioned for long-term investors. Analysts currently rate it a B+, indicating a cautious optimism about its future performance.

ATD stock is currently priced at 17.4 times forward earnings, similar to its three-year average, and could potentially increase by 32% over the next three years, with cumulative returns around 35% when factoring in dividends.

ADT has a consensus rating of 'Hold' from 6 Wall Street analysts, with 1 sell rating, 3 hold ratings, and 2 buy ratings.

AT&T has a consensus rating of 'Buy' from 16 analysts, with 38% recommending a Strong Buy, 38% a Buy, and 25% suggesting Hold.

Ideal for investors seeking stable income, Fortis (FTS) stands out as a defensive utility stock with predictable cash flows from regulated assets. With a dividend yield of 3.29% and a solid 1-year return of 14.63%, it’s recommended for holding through 2026 and beyond. Analysts maintain a cautiously optimistic outlook, with RBC Capital rating it as Sector Perform, Credit Suisse as Neutral, and Raymond James as Outperform.

Fortis Healthcare Ltd. has a target share price of 1007.20, indicating an upside potential of 8.87% from its current price of 925.15, according to analysts.

Fortis (FTS) has a total return of 21.38% over the past 12 months, with a 5-year return of 53.64%, meaning a $1,000 investment five years ago would be worth approximately $1,536.41 today.

Toronto-Dominion Bank stands out as a top-rated choice for investors seeking stability, boasting a solid dividend yield of 3.09% and a remarkable 27-year streak of dividend growth. With a one-year return of 65.63% and a five-year return of 91.42%, this bank is not just financially healthy but also shows promising performance, exceeding its 2026 adjusted return on equity target of 13.0%.

TD stock currently shows a sell signal from the short-term Moving Average but a buy signal from the long-term average.

TD's 5-year total return is 91.42%, meaning a $1,000 investment five years ago would be worth approximately $1,914.20 today.

TD reported an adjusted return on equity of 14.2%, exceeding its 2026 target of 13.0%, with strong performance in wholesale banking and wealth management.

TD is considered a strong dividend stock, appealing to investors seeking income, especially with a yield higher than RBC's.

Canadian National Railway (CNR) stands out as a solid investment choice, boasting a reliable 2.47% dividend yield and impressive 1-year and 5-year returns of 17.57% and 17.04%, respectively. Analysts maintain a positive outlook, with recent upgrades indicating a strong buy signal, while the company’s earnings and revenue growth projections suggest a robust future. This industrial rail operator is well-positioned for long-term success, making it an attractive option for investors seeking dependable income from financially healthy companies.

Yes, CNR shows mostly positive signals in its chart, with buy indications from both short and long-term moving averages.

CNR is expected to grow earnings by 72.5% and revenue by 4.1% annually, with an EPS growth forecast of 64.8% and a return on equity of 14.7% in three years.

Yes, Canadian National Railway increased its dividend to $0.915 per share from the previous $0.89, with the ex-dividend date on March 10th.

Bill & Melinda Gates Foundation Trust is the largest shareholder of CNR, owning 8.7% of the outstanding shares.